Buhari in Japan: President welcomes bank, Toyota group to sign deals with Nigeria
- The participation of President Muhammadu Buhari at the Seventh Tokyo International Conference on African Development seems to be yielding fruits for Nigeria
- This is as the Japan bank for international cooperation and the Toyota group have indicated interests to support projects in Nigeria
- The bank's deputy governor, Nobumitsu Hayashi, said that the financial institution is interested in oil and gas and investments in infrastructure
President Muhammadu Buhari on Friday, August 30, welcomed the interest shown by the Japan bank for international cooperation and the Toyota group to support projects in which Japanese companies are involved in Nigeria.
The president made his feelings known at an investment talks with top officials of Japan bank for international cooperation, and Toyota group, at the margins of the Seventh Tokyo International Conference on African Development (TICAD 7), being held in Yokohama, The News Agency of Nigeria (NAN) reports.
Femi Adesina, the president’s spokesman in a statement in Abuja, said the Japan bank for international cooperation was led by its deputy governor, Nobumitsu Hayashi at the meeting.
Adesina quoted Hayashi as telling the Nigerian leader that the bank had lots of resources dedicated for investment in Nigeria, and would be particularly interested in oil and gas, and investments in infrastructure.
President Buhari welcomed the bank, informing the team that Nigeria had introduced the ease of doing business, and bureaucratic bottlenecks were being cleared off the way.
At a bilateral meeting with Toyota Tsusho, a part of the Toyota conglomerate, president/CEO of the group, Ichiro Kashitani, indicated interest in sectors like energy, healthcare and automobiles, saying Toyota would be delighted to have presence all over Nigeria.
According to Kashitani, Toyota Tsusho wishes to also build an advanced medical diagnostics centre, which will foreclose need for foreign travel to obtain cutting edge medical diagnosis.
President Buhari urged the group to also consider setting up a car assembly plant, noting that Nigeria had the capacity to absorb the investment for positive returns.
At another meeting with the prime minister of Algeria, Noureddine Bedoui, President Buhari counseled that the political programme in the country be faithfully executed, which would lead to general elections as soon as possible.
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“Algeria is a good pan-Africanist nation, with a lot of influence over the continent,” the president said.
Prime Minister Bedoui said dialogue was in progress with all stakeholders leading to elections, hopefully by end of 2019.
Meanwhile, Legit.ng reported that President Buhari had held a bilateral meeting with Prime Minister Shinzo Abe of Japan on Thursday, August 29.
Legit.ng gathered that the meeting was held between the two leaders during the 7th Tokyo International Conference on African Development in Yokohama.
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Source: Legit.ng
